Asia
Deal-by-deal fundraising: Incremental approach
Deal-by-deal fundraising is on the rise in Asia, driven by the difficulties less experienced GPs face when raising a blind pool and LPs’ willingness to go direct. It’s a great strategy, provided you have momentum
Mobile app analytics firm App Annie raises $55m from VCs
App Annie, a mobile app analytics platform that was set up in Beijing but has since expanded globally, has raised a Series D round of funding worth $55 million, led by Institutional Venture Partners (IVP).
4Q analysis: Still selling
Trade sales keep the exit market ticking over; big ticket tech deals make their presence felt, but buyouts dominate the investment environment; weakness in China pegs back Asia fundraising
Carlyle promotes Hiroyuki Otsuka to partner in Japan
The Carlyle Group has promoted Hiroyuki Otsuka, a member of its Japan buyout team, to partner as part of global round of 59 appointments, including five in Asia.
EIG hires CIC's oil and gas head to lead Hong Kong office
EIG Global Energy Partners has hired Yangyang Liu, formerly of China Investment Corporation (CIC) as managing director in its recently-established Hong Kong office.
Q&A: HarbourVest Partners' George Anson
George Anson, a London-based managing director with HarbourVest Partners, on the importance of customization, scale and diversification in creating a sustainable global fund-of-funds business
December deals: A Christmas story
JKL Partners and a unit of South Korean conglomerate Harim Group were named by a local court as the preferred bidder for bankrupt shipper STX Pan Ocean on December 17. This was slightly more generous to those looking forward to a seasonal break than the...
VIDEO: Terra Firma's Guy Hands
European businesses are selling for higher multiples because financing has come back, but they are still quite reasonably priced compared to pre-global financial crisis levels, says Guy Hands, chairman and CIO of Terra Firma. The question for buyers is...
PE investors sell Pacnet to Australia's Telstra for $697m
Clearwater Capital Partners, Spinnaker Capital Group and Ashmore Investment Management have agreed to exit undersea cable provider Pacnet to Australia’s Telstra Corp. for approximately $697 million, including $400 million in debt.
Musical chairs: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2014
Q&A: Auda's Ernest Boles, Jacob Chiu & Lucian Wu
Auda is scaling up its operations in Asia, opening a Shanghai office and making several new hires. CEO Ernest Boles, Head of Asia Jacob Chiu, and Managing Director Lucian Wu explain how they are addressing the opportunity
2014 in review: A year of record-setting
Strong capital markets facilitate bumper exit activity; pan-regionals, venture capital dominate fundraising; China’s leads revival in growth capital investment, with Korea still buyout central
Baring pushes back final close on Fund VI to January
Baring Private Equity Asia has pushed its $3.85 billion final close on Fund VI to January because the last few LPs want their commitments to fall in the 2015 calendar year.
SC Capital raises $850m for fourth Asia real estate fund
SC Capital Management has reached a final close of $850 million on its fourth Asia-focused property fund. The corpus represents a substantial increase on Fund III, which raised $530 million in 2011.
AVCJ Awards: Fundraising of the Year - Large Cap: CVC Capital Partners
Buoyed by strong returns out of Southeast Asia and pipeline of China control deals, CVC Capital Partners defied early expectations by closing Fund IV at the hard cap
GP-LP relations: Trust issues
“GPs think LPs are liars" - it is a sensational designed to draw attention to an issue that is nearly as old as institutional fund management itself. Numerous past surveys and mountains of anecdotal evidence suggest that communication problems and mutual...
Emerald Hill North Asia head to set up China fund-of-funds
Tommy Yip, partner and head of North Asia at Emerald Hill Capital Partners, has resigned from his position. He is expected to form a new China-focused fund-of-funds.
Partners Group appoints Cyrus Driver head of Asian private equity
Cyrus Driver has been named head of Asian private equity at Partners Group, replacing Andreas Baumann who has relocated to the US to head up the company’s business in the Americas.
Simpson Thacher adds fund formation partner in Asia
Adam Furber, a Hong Kong-based member of Simpson Thacher’s private funds practice, has been elected to partner. He was previously counsel at the firm.
Private debt: Enforcement issues
Investors see great potential in Asia’s private debt markets, but some GPs and LPs’ attitudes towards downside protection and enforceability keep them out of emerging markets
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
LACERS commits to Baring Asia's sixth fund
Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Baring Private Equity Asia’s sixth pan-regional fund.